UK Court Seeks to Retain £10.6M in Seized Jewels Linked to Prince Group
UK authorities are pursuing legal action to retain £10.6 million in luxury watches and jewelry seized from an individual allegedly connected to the Prince Group.
UK authorities are pursuing legal action to retain £10.6 million in luxury watches and jewelry seized from an individual allegedly connected to the Prince Group. XRP (XRP) is trading at $1.35. This is an original TLT brief based on reporting by Cryptopolitan, with live market data added, as of Mon, 12 Oct 2026 23:00:04 UTC.
The case highlights ongoing scrutiny of financial activities linked to the Prince Group and could have implications for asset seizure and anti-money laundering efforts in the UK.
- UK authorities seek to retain £10.6M in seized luxury items from Thet Li.
- Assets include high-value watches and jewelry.
- Legal proceedings underway to determine asset forfeiture.
UK authorities are pursuing legal action to retain £10.6 million in luxury watches and jewelry seized from Thet Li, who is alleged to be the finance chief of the Prince Group. The case underscores the ongoing scrutiny of financial activities linked to the Prince Group and the UK's efforts to combat potential money laundering and asset seizure violations.
The assets in question include a collection of high-value watches and jewelry, which were seized as part of an investigation into the financial dealings of Thet Li. The legal proceedings will determine whether these assets will be permanently forfeited by the state.
While the primary focus of the case is on the seizure and potential forfeiture of luxury items, it is worth noting that the broader context involves the Prince Group, which has been under investigation for various financial activities. The outcome of this case could set a precedent for future asset seizure and forfeiture cases in the UK.
In related crypto market news, 
XRP has been testing the $1.32-$1.38 support zone, with Bitwise playing a significant role in XRP ETF inflows. According to data from Bitwise, the total value locked (TVL) in their platform is $145.99 million, representing a 7-day decrease of 9.7%. This suggests a period of market volatility and potential investor caution.
The total crypto market cap currently stands at $2.85 trillion, with 
Bitcoin experiencing a 24-hour decline of 1.10%. The overall market sentiment, as indicated by the Fear & Greed Index, is at 69, which is in the 'Greed' zone. XRP is trading at $1.35, marking a 24-hour decrease of 3.77% and a 7-day decrease of 10.27%, with a market cap of $85.25 billion.
Since this brief published about 1 hour ago, XRP (XRP) has moved from $1.35 to $1.35 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,844.59 (about $1.35), down 4.0% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 12, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
UK Court Seeks to Retain £10.6M in Seized Jewels Linked to P — questions & answers
What is the value of the seized assets?
The seized assets are valued at £10.6 million and include luxury watches and jewelry.
Who is Thet Li and why were the assets seized?
Thet Li is alleged to be the finance chief of the Prince Group. The assets were seized as part of an investigation into the group's financial activities.
What is the current status of the legal proceedings?
The legal proceedings are underway to determine whether the seized assets will be permanently forfeited by the state.
How much is 1 XRP worth in naira today?
About ₦1,844.59 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.35. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cryptopolitan. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.